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Productivity Solutions Grant (PSG)

The PSG grant is in place to encourage business continuity through digitalisation and productivity enhancement efforts of enterprises. The grant supports companies that adopt IT solutions and equipment from a range of functions such as customer management, data analytics, financial management and inventory tracking. Businesses can receive up to 80% in funding support under this grant.

 

Eligibility

Businesses must meet the following criteria to qualify for the PSG grant:

  • A registered business operating in Singapore
  • Has a minimum of 30% local shareholding
  • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
  • Annual sales turnover is less than $100 million OR less than 200 employers

Businesses must NOT have:

  • Made payments to any suppliers, vendors, third-party entities prior to application of the grant
  • Signed or made any formal contractual agreements with any suppliers, vendors, third-party entities prior to application of the grant

Entities that DO NOT qualify for the PSG grant:

  • Charities or Institutions of Public Characters
  • Religious entities
  • Voluntary Welfare Organisations
  • Government agencies and subsidiaries

Digital Resilience Bonus (DRB)

The DRB is targeted at businesses from the Food Services and Retail sectors which have been more affected by the safe distancing requirements amidst the reopening of the economy. These businesses can take up approved digital solutions under IMDA and receive up to S$10, 000 in bonus payouts. There are 3 qualifying categories of solutions that businesses can consider adopting.

 

A. Food Services

1. Business Process Solutions

Receive up to $2,500 if you are using solutions from these 3 functions: accounting, HR/payroll and digital ordering solutions.

2. Digital Presence

Receive up to $2,500 if you are using an online food delivery or e-procurement solution at least once a month.

3. Data Mining and Analytics

Receive up to $5,000 if you are using a data mining and analytics solution at least once a month to improve your business operations.

 

B. Retail

1. Business Process Solutions

Receive up to $2,500 if you are using solutions from these 3 functions: accounting, HR/payroll and digital ordering solutions.

2. Digital Presence

Receive up to $2,500 if you are making sales via an e-commerce solution at least once a month

3. Data Mining and Analytics

Receive up to $5,000 if you are using a data mining and analytics solution at least once a month to improve your business operations.

    ELIGIBILITY

    Businesses must meet the following criteria to qualify for the DRB bonus:

    • UEN falls under the Food Services or Retail sectors as at 26 May 2020
    • UEN is incorporated on or before 26 May 2020
    • UEN has an active Paynow corporate account
    • UEN uses InvoiceNow

    we are here to you!

    Be it plans or projects related to your business development digital transformation, our team of professional consultants are here to help you in obtaining and leveraging on government support grants. Get in touch with us to find out more!

    UP TO 80%* GOVERNMENT FUNDING IS AVAILABLE FOR YOUR BUSINESS

    Sign up for a free eligibility check
    with our brand strategist now!

    *Terms and Conditions Apply

    UP TO 80%* GOVERNMENT FUNDING IS AVAILABLE FOR YOUR BUSINESS

    Sign up for a free eligibility check
    with our brand strategist now!

    *Terms and Conditions Apply

    UP TO 80%* GOVERNMENT FUNDING IS AVAILABLE FOR YOUR BUSINESS

    Sign up for a free eligibility check
    with our brand strategist now!

    *Terms and Conditions Apply

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    *Terms & Conditions Apply